Unit Information
This well-located 6-unit property at 19 Ward Street in Worcester, Massachusetts, consists of six 2-bedroom/1-bathroom units, totaling 5,328 sq. ft. of living space on a 0.08-acre parcel. Each unit is separately metered for heat, hot water, and electricity, with all utilities paid directly by the tenants. The property also benefits from a roof that is less than five years old and has lead certificates for all units.Three of the six units have been extensively renovated, featuring new kitchens with granite countertops and stainless steel appliances, updated bathrooms, and new flooring. There is an opportunity to increase rents in both the renovated units and through targeted upgrades to the remaining unrenovated units to a property already boasting a monthly rent roll of $9,350. Listed at an 8.13% cap rate, this property represents a strong investment opportunity in the growing Worcester market.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5-9 Family
- Zip Code: 01610
- Living Levels: 9
- Rooms and Dimensions
- Total Units: 6
- Total Floors: 9
- Total Rooms: 24
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$1,000,000
- Listing ID: 73308996
- Bedrooms: 6
- Full Baths: 6
- Living Area: 5,328 sqft Convert
- Lot Size: 3,577 sqft Convert
- Acres: 0.08
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |